Teachers Retirement System of The State of Kentucky Sells 2,394 Shares of Kimco Realty Corp (NYSE:KIM)

Teachers Retirement System of The State of Kentucky decreased its stake in Kimco Realty Corp (NYSE:KIM) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,265 shares of the real estate investment trust’s stock after selling 2,394 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kimco Realty were worth $1,135,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Kimco Realty by 0.3% during the third quarter. Vanguard Group Inc. now owns 101,457,899 shares of the real estate investment trust’s stock worth $1,784,644,000 after purchasing an additional 344,562 shares during the period. Cohen & Steers Inc. grew its holdings in Kimco Realty by 7.3% during the fourth quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock worth $941,817,000 after purchasing an additional 3,022,995 shares during the period. JPMorgan Chase & Co. grew its holdings in Kimco Realty by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after purchasing an additional 5,894,446 shares during the period. Dimensional Fund Advisors LP grew its holdings in Kimco Realty by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,194,513 shares of the real estate investment trust’s stock worth $195,942,000 after purchasing an additional 24,036 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Kimco Realty by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,569,517 shares of the real estate investment trust’s stock worth $182,616,000 after purchasing an additional 536,000 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on KIM. Mizuho reduced their price target on Kimco Realty from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Citigroup restated a “neutral” rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Truist Financial reduced their price objective on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a report on Monday, May 20th. Bank of America restated a “neutral” rating and set a $20.00 price objective (down previously from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Finally, Robert W. Baird reduced their price objective on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.52.

Kimco Realty Stock Up 0.5 %

NYSE KIM opened at $18.98 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. Kimco Realty Corp has a 1-year low of $16.34 and a 1-year high of $22.83. The company has a 50 day moving average of $18.74 and a 200-day moving average of $19.59. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 3.67 and a beta of 1.50.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.96 annualized dividend and a yield of 5.06%. Kimco Realty’s dividend payout ratio is currently 181.14%.

About Kimco Realty

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.